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Business confidence up 4%, according to autumn MPI Meetings Outlook

Europe
Business confidence up 4%, according to autumn MPI Meetings Outlook

The latest, 2016 autumn edition of Meeting Professionals International’s (MPI) Meetings Outlook is projecting a 4% growth in meetings/events business.

The quarterly report says 67% of respondents cite favourable business conditions for the year ahead, up from the 63% response for the previous quarter.

Other figures from the fresh Meetings Outlook include 15% of meeting professionals saying they have increased threat awareness and response preparedness, while14% claim security has influenced their destination selection.

The report also picks up an increase in attendance for live and virtual meetings, of 1.9% and 2.4%, respectively.

The top categories in which meeting professionals expect to see budget increases for 2017 are security concerns and new technology tools, cited by 34% and 22% of respondents, respectively.

Meetings Outlook presents future industry trends and predictions from MPI members, including meeting professionals on MPI’s Business Research Panel. Each quarter, research firm Association Insights surveys the panel, asking a short series of quantitative questions related to the economy and a qualitative question regarding the individual’s professional outlook. Phone interviews are also conducted with randomly selected MPI members.

The resultant report claims to provide a quarterly tracking of current business conditions and future outlooks.

Managing Editor, Conference News & Conference & Meetings World. Write Paul an E-mail